Overview

• US casual dining chain's fiscal Q1 revenue rose 2.9%, slightly beating analyst expectations

• Adjusted EPS for fiscal Q1 missed analyst expectations

• Company repurchased $5.3 mln in shares during the quarter

Outlook

• Company reiterates fiscal 2026 comparable restaurant sales growth of 1% to 3%

• BJ's Restaurants sees 2026 restaurant level operating profit of $221 mln to $233 mln

• Company expects 2026 adjusted EBITDA of $140 mln to $150 mln

Result Drivers

• GUEST TRAFFIC - Comparable restaurant sales rose 2.4%, led by a 2.2% increase in guest traffic

• STRATEGIC PRIORITIES - Co cited execution of four strategic priorities and improvements in menu, culture, and restaurant environment as supporting ongoing sales and traffic growth, per CEO Lyle Tick

Company press release: ID:nGNX1kXWt4

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the restaurants & bars peer group is "buy."

• Wall Street's median 12-month price target for BJ's Restaurants Inc is $46.00, about 24.5% above its May 4 closing price of $36.96

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

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